COMPANIES A divide has already emerged between Europe and the US over how to implement new Group of 20 rules on bankers’ bonuses, with British banks facing a stricter regime than is likely to apply in the US.
The UK government on Wednesday night rushed out a statement trumpeting the agreement of Britain’s top five banks to apply the bonus restrictions agreed at last week’s G20 meeting in Pittsburgh, in a bid to become the first member nation to implement the accord. France is expected soon to follow suit.
